GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income In Minnesota

The average household income in Minnesota is $68,388 according to data from the U.S. Census Bureau.

In the following post, we will explore the various income statistics associated with Minnesota, providing an in-depth analysis of household incomes, per capita income, gender-based income differentials, city-specific salary data, poverty rates, and the state’s ranking in terms of median income. The data presented sheds light on the economic landscape of Minnesota, offering valuable insights into the financial well-being of its residents.

Statistic 1

"The median household income in Minnesota was $74,593 in 2019."

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Statistic 2

"In 2018, it was approximately $68,388."

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Statistic 3

"Minnesota's median household income increased by 3.1% from 2018 to 2019."

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Statistic 4

"Minneapolis's median household income in 2019 was approximately $62,583."

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Statistic 5

"St. Paul's median household income in 2019 was about $56,800."

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Statistic 6

"In Dakota County, the median household income was around $84,994 in 2019."

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Statistic 7

"In the same year, Hennepin County had a median household income of about $76,856."

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Statistic 8

"The median income for a family in Minnesota was $96,578 in 2019."

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Statistic 9

"In 2018, per capita personal income in Minnesota was around $56,227."

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Statistic 10

"The mean income in Minnesota was about $90,715 in 2019."

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Statistic 11

"The median income for a male full-time, year-round worker was $57,176 in 2019."

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Statistic 12

"For the same year, for a female full-time, year-round worker, it was $47,517."

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Statistic 13

"The average salary in Minneapolis, Minnesota, is around $70,000."

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Statistic 14

"In Duluth, Minnesota, the average salary is approximately $54,000."

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Statistic 15

"About 9.9% of families and 13.0% of the population were below the poverty line in Minnesota in 2019."

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Statistic 16

"Minnesota ranked 10th in the nation for median income for families in 2019."

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Statistic 17

"The estimated number of employees in Minnesota was 3,059,770 with a median income of $40,912 in 2021."

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In conclusion, the statistics reveal a varied economic landscape across different regions within Minnesota. The overall median household income in the state increased from 2018 to 2019, with some areas like Dakota County surpassing the state median. Disparities are evident in cities like Minneapolis and St. Paul, where median household incomes are lower. Discrepancies also persist between genders and cities, highlighting the need for continued efforts to address income inequality. Despite these differences, Minnesota ranks relatively high nationally in terms of median income for families, indicating a somewhat prosperous economic environment but with pockets of poverty that require attention.

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